Synnovia plc (LON:SYN)

Synnovia plc (LON:SYN)

Share Price
106.50 p
-4.5 (-4.05 %)
Market Cap
£41.53 m
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Synnovia plc

Synnovia is a niche manufacturer of specialist products. Applications for these products vary widely and examples include:

. Packaging for the food manufacturing and distribution – films, sacks and pouches
. Steering columns and instrument control knobs in the automotive industry – plastic bearings
. Hydraulic and industrial rubber hose manufacture – various types of mandrel

Market: LSE:SYN
52-week High/Low: 116.00p / 105.10p
Sector: Basic Materials
Market Cap: 41.53M
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Faisal Rahmatallah, executive chairman of Plastics Capital Plc (LON:PLA), pitches the company to investors. For more information visit

Big Picture – A Deep Dive Examination of the Synnovia plc

Synnovia plc Snapshot

We believe these values which are already held strongly throughout the organisation will enable day-to-day decisions and activities to be undertaken in the right way for the long-term health of the business and its stakeholders as we continue to grow.


Core Values

Creating Value

. We start with the customer and work backwards.
. We know that innovation is our life blood.
. We strive for win-win with all stakeholders.

Building Teams
. We lead by giving our teams the space to operate and the support to deliver.
. We rely on open communication and constructive challenge.
. We encourage collaboration, good humour and a positive mind-set at all times.

Developing Individuals
. We feel and act like long term owners.
. We understand that failure and improvement go together so long as grit is sandwiched in between.
. We are all Synnovia.

The defining characteristics of Synnovia's businesses are:

  • Leaders in their niche industrial markets ­in many cases with no direct or limited competition
  • Long established (25 years or more) with long term customer relationships and high retention rates
  • "Mission critical” to customers with our products frequently representing a low fraction of customers’ costs
  • Highly automated with bespoke manufacturing processes that have been perfected over many years and are hence very difficult to replicate
  • Ripe for further development and exploitation of customer opportunities

Bell Plastics

Bell Plastics

Bell is the global leader in manufacturing highly specialised plastic mandrels used predominantly by the manufacturers of hydraulic and other industrial hoses in their own manufacturing processes.  Hose mandrels are long, high-specification rods around which reinforced industrial rubber hoses are formed and the mandrel a critical consumable in the global rubber hose industry. Bell Plastics Company Website




BNL is a market leading specialist designer and manufacturer of innovative plastic bearings products as well as plastic gears, shafts and bushes.  Using in-house expertise, BNL works in long term partnership with its customers, designing and developing customised solutions for major multi-national OEMs.  These rotating parts are then used by OEMs in their assembled products. BNL Company Website


C&T Matrix

c&t crop

C& T Matrix manufactures creasing matrix, a consumable product which is an integral part of the manufacture of cardboard boxes, cards, point of sale material and the like.  Creasing matrix enables folds to be made in cardboard and facilitates accurate high quality creasing prior to folding, enabling cardboard to be creased automatically and accurately by high speed box making and printing machines. C&T Matrix Company Website



Palagan Limited

Palagan manufactures blown polyethylene films used in high performance industrial packaging.  Palagan focuses on small and medium-sized UK and European customers with bespoke needs in terms of film strength, tear resistance, printing, surface finish and the like. Palagan Company Website



Flexipol Logo

Flexipol is one of the UK's leading innovative packaging manufacturers for plastic films and bags with special features addressing issues such as risk of contamination and cost reduction in the logistics chain.  These products are manufactured by Flexipol on its bespoke machinery which it has developed over a number of years. Flexipol Company Website



Synpac Logo

Synpac is a specialist manufacturer of bags and pouches made from a range of co-extruded flexible barrier film predominantly for the food industry.  Synpac maintains a market leading position by being the only converter in the UK with sufficient critical mass and manufacturing capacity to deal with both the volume and diversity of product required by its customers. Synpac Company Website

Board of Directors

Faisal Rahmatallah

Faisal is a founding shareholder of Synnovia and Director of the Company. He has worked for and with manufacturing companies for 19 of the last 29 years. He has spent 7 years working in private equity with Capricorn Ventures International and prior to that was a partner at Deloitte & Touche, and was a managing director of a specialist consulting subsidiary of Deloitte & Touche. He is a graduate of Oxford University and has an MBA from Harvard Business School. Faisal was also chairman of Broker Network Holdings plc, an AIM listed company.

Nick Ball
Group Finance Director

Nick, who is the Group Finance Director of Synnovia, joined in October 2005. Previously he spent 10 years working at Deloitte & Touche, initially in Audit and then in Corporate Finance, where he principally worked on financial due diligence for manufacturing businesses and lead advisory work for the private equity industry. He has also worked in leveraged finance at ScotiaCapital. He is a graduate of Bath University and is an ACA accountant.

Richard Vessey
Non-executive Director

Richard is a founder shareholder of Synnovia and has been involved with manufacturing and selling plastics related products for over 30 years. During that time he worked for Wavin and Birmid Qualcast before establishing Bell Plastics. Since then he has successfully co-founded two other start-ups and is currently an active investor in early-stage technology companies. He has a degree in Engineering from Imperial College London and has an MBA from Harvard Business School.

Andrew Walker
Non-executive Director

Andrew joined the Company as a non executive Director. Andrew has extensive experience of executive roles in a number of large multinational businesses. Andrew currently sits on the board of eight public companies. He was Group Chief Executive of McKechnie plc for four and a half years until 2001 and prior to that he was the Group Chief Executive of South Wales Electricity plc. From 2001 to date, Andrew has devoted his time to non executive roles at, amongst others, Ultra Electronic Holdings plc, Halma plc and Bioganix plc. He has a degree in Engineering from Cambridge University.

Keith Butler-Wheelhouse
Non-executive Director

Keith joined the Company as a non executive Director.  Keith has extensive experience of executive roles in a number of large multinational businesses.  He was Group Chief Executive of Smiths Group plc for twelve years until 2008 and prior to that he was the CEO of Saab Automobile (Sweden) for four years to 1996 and CEO of Delta Motor Corporation (South Africa) for six years to 1992.  Since 1992, Keith has also had a number of non executive roles at, amongst others, General Motors Europe, Delta Motor Corporation, Atlas Copco AB and Sainbury’s plc.  He is currently the Non-Executive Chairman of Niu Solutions plc, an IT and telecommunication company and Chamberlin plc, a castings and engineering company.

Significant Shareholders

Name Number of Ordinary Shares % of Issued Share Capital
Directors and related 5,878,024 15.66%
Camelot Capital Partners LLP 6,118,883 15.71%
Livingbridge VC LLP 4,137,449 10.62%
Downing LLP 3,219,954 8.27%
Octopus Investments 2,992,547 7.68%
Arun Nagwaney 2,298,354 5.96%

  As at 28th June 2017

Synnovia plc
Room 1.1, London Heliport
Bridges Court Road
SW11 3BE
Telephone: +44 20 7978 0574

Email: [email protected]

Registration Number: 6387173

VAT Number: 918 5331 19

Nominated Advisor & Broker
Cenkos Securities
6.7.8 Tokenhouse Yard

Joint Broker
Allenby Capital
3 St Helen's Place

CMS Cameron McKenna LLP
Cannon Place
78 Cannon Street

1 Sovereign Square
Sovereign Street

Capita Registrars
The Registry
34 Beckenham Road

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